TIPB vs. GSG
TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. TIPB is actively managed, while GSG is passively managed. At a correlation of -0.05, they often move in opposite directions.
Performance
TIPB vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, TIPB achieves a 1.03% return, which is significantly lower than GSG's 25.54% return.
TIPB
- 1D
- -0.02%
- 1M
- -0.41%
- YTD
- 1.03%
- 6M
- 1.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -1.03%
- 1M
- -12.93%
- YTD
- 25.54%
- 6M
- 23.88%
- 1Y
- 27.65%
- 3Y*
- 14.02%
- 5Y*
- 12.78%
- 10Y*
- 6.58%
TIPB vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 1.03% | 0.79% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 25.54% | 3.97% |
Correlation
The correlation between TIPB and GSG is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | -0.05 |
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Return for Risk
TIPB vs. GSG — Risk / Return Rank
TIPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSG
TIPB vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) and iShares S&P GSCI Commodity-Indexed Trust (GSG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIPB | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.66 | — |
| Martin ratioReturn relative to average drawdown | — | 6.95 | — |
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Drawdowns
TIPB vs. GSG - Drawdown Comparison
The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for TIPB and GSG.
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Drawdown Indicators
| TIPB | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.32% | -89.62% | +88.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.74% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -1.12% | -62.10% | +60.98% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -63.69% | +63.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.01% | — |
Volatility
TIPB vs. GSG - Volatility Comparison
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Volatility by Period
| TIPB | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.65% | 23.17% | -20.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.65% | 22.67% | -20.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.65% | 22.01% | -19.36% |
Dividends
TIPB vs. GSG - Dividend Comparison
TIPB's dividend yield for the trailing twelve months is around 3.04%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 3.04% | 1.09% |
Frequently Asked Questions
TIPB and GSG have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIPB has the higher dividend yield at 3.04%, compared with 0.00% for GSG.
TIPB is categorized as Inflation-Protected Bonds, while GSG is Commodities. They also come from different issuers: Northern Trust and iShares.
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